Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Saudis show journalists huge oil project

|
|
 
  
Published: June 24, 2008 at 2:34 PM
Advertisement

KHURAIS, Saudi Arabia, June 24 (UPI) -- Saudi Arabia is a year away from completing an oil-pumping project it says will equal growing global demands for oil, Aramco officials said.

The project joins oil fields at Khurais, Abu Jifan and Mazalij with one system that will inject more than 2 million barrels of seawater underground every day in order to push an estimated 27 billion barrels of oil to the surface, the Dallas Morning News reported Tuesday.

Saudis hope to add 1.2 million barrels a day to the world's oil supply, the report said.

The fields hold more oil than all of the reserves owned by the United States, but skeptics said the saltwater pumping technique -- generally used with fields after they've been in production for a while -- proves reserves in Saudi Arabia are running low, the report said.

Amin Nasser, Aramco senior vice president for production and exploration, said the saltwater pumping was used to trim costs.

"Our actions have been louder than our words despite all the criticism and the cynics," Nasser said.

"That makes it even more important to let you see what's happening here on the ground for yourself," he said speaking to journalists invited to tour the facility.

Recommended Stories
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Business News Stories
1 of 27
65th Annual Cannes International Film Festival
View Caption
A contortionist performs on the red-carpeted steps of the Palais des Festivals before the screening of the film "Holy Motors" during the 65th annual Cannes International Film Festival in Cannes, France on May 23, 2012. UPI/David Silpa
fark
"I smoked with a cop," said a man who identified himself as Panda, and it was "some of the best...
Missing [✔] White [ ] Girl [✔] aaaaaand that's why the news is just now reporting that she disappeared...
What a 19-year old said after peeing in the back of a police car: C) I told you I had to go, you...
Yes I built a gigantic bull sculpture next to the highway. DO I LOOK CRAZY TO YOU?
Kid refuses to wear hearing aid because "Superheroes don't", so Marvel creates one for him
If you are in the mood for a real-life adventure story, read about William Morgan, an American who...